In order for Höegh LNG’s business activities to be sustainable in the long-term, the Group strives for economic growth, environmental improvements and social responsibility. Höegh LNG aims to contribute to sustainable development by acting as a socially responsible company working actively to integrate social and environmental concerns in running business operations and to find a sound balance between the need for operational efficiency, shareholder value, and attention to the interests of non-financial stakeholders. The Group furthermore works actively with the objective to reduce the influence on the environment. This is formalised through the ISO 14001 certification of its environmental management system.
While vessels use fossil fuels and thereby produce emissions, maritime transport in many situations has less of an impact on the environment than other modes of transportation. The Group’s vessels are furthermore largely powered by natural gas, which have significantly lower carbon dioxide emissions than oil and other fossil fuels, relatively small nitrogen oxide emissions and almost no sulphur dioxide and particulates emissions. By transporting natural gas to new users and thereby enabling industry, power producers and residential consumers to switch from using heavier fossil fuels to using natural gas, Höegh LNG is indirectly contributing to more environmentally friendly fuel use in different parts of the world